259 Summit StRichmondvilleNY12149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Richmondville at 259 Summit St, Richmondville, NY, 12149 offers a 13.52% rental yield on a $229,100 purchase with $2,582/mo rent. Total monthly income registers $2,582/mo, and a $1,121/mo payment leaves $1,052/mo available for distribution. Annual cash flow reaches $12,629/yr on $75,947 to close, and return on cash invested stands at 36.54% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,296 over five years. Portfolio math shows five-year ROI at 192.69% and total cumulative return in cash at $146,340. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,582/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1865
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12149, Richmondville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,421 (100%) |
| Owner Occupied HU | 729 (51.3%) |
| Renter Occupied HU | 341 (24.0%) |
| Vacant Housing Units | 351 (24.7%) |
| Median Home Value | $156,689 |
| Average Home Value | $184,482 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
709
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A